Do you know that a recent survey shows that around 78% of notary signing agents have acknowledged their close relationship with real estate professionals as a significant contributor to their success? So, you are an aspiring notary signing agent ready to start your career and perhaps looking for reliable, professional contacts. In that case, establishing a powerful connection with the real estate industry can be an invaluable investment. From real estate attorneys to lending and mortgage professionals, each real estate agent can request you to be their signing partner if you have a close relationship with them. So whether you are a seasoned notary or just starting your career, this blog will help you unveil the real estate professionals who can be your trusted partners in success.
Key Real Estate Professionals Notaries Should Know
According to a report by the National Association of Realtors, the average number of transactions closed by real estate agents in 2022 is 16.8. Each transaction involves an average of 3 to 5 signings. So, imagine how many signing requests you can receive from a real estate agent. There are many real estate professionals from whom you can get signing orders. Here is a list of some of the most important real estate professionals you should know as a notary.
1) Real Estate Agents:
Real estate agents are the backbone of any property transaction; they represent both buyers and sellers and guide them through the process. They carry out various functions, including property deal negotiation, coordination of inspections and appraisals, and managing a large volume of paperwork. In addition, they assist the buyers in securing finances for the properties. Real estate agents are considered the most influential professionals in closing a real estate transaction as they have a close relationship with lenders, consumers, and title professionals.
Real estate agents maintain a direct connection with the title professionals and lenders, and if they request a notary for a particular transaction, they will accept the offer. So, knowing a real estate agent personally can be invaluable for a notary signing agent. They can help you get more signing opportunities by recommending your services to their clients and colleagues. Their in-depth property dealings and guidance expertise can help you understand the real estate world and modify your services accordingly. You may consider attending industry events and joining professional organizations to connect with the realtors.
2) Lending And Mortgage Professionals:
A study reveals that around 87% of property buyers purchase real estate assets through financing. It suggests the importance of lending and mortgage professionals in a real estate transaction. Lending professionals evaluate buyers’ financial qualifications and guide them through the loan application process. In addition, they also help borrowers get approval from their respective financial organizations.
On the other hand, mortgage professionals play a critical role in connecting borrowers and lenders while comparing various loan options before suggesting the best financing option for the client. Lending and mortgage professionals often require notary signing agents who understand many loan products and are proficient at notarizing critical loan documents.
These professionals have an extensive network of banks, credit unions, online lenders, and other home equity lines of credit. If you can establish and maintain a close relationship with them, they can provide you with a steady stream of clients by recommending your services to reputed clients. Due to their busy schedules, lending and mortgage professionals often need notaries to modify the loan signing date, time, and location. Notaries need to showcase their firm grasp on critical closing documents to get their attention.
3) Title Professionals:
The role of title professionals is paramount in facilitating clear and legal property title ownership during real estate transactions. Their roles become critical once the real estate contract is signed and they receive a request for a property title search. Title professionals have many types of title searchers, title examiners, title insurance agents, and closing agents. Even though they enter a transaction late, they are critical in ensuring smooth closings. In addition, they carry out title searches, issue title insurance policies, and recognize the valid owner of the property.
Title professionals are essential for notary signing agents as they need notaries to witness and verify the signatures of buyers and sellers. In addition, title professionals also need notaries to authenticate the signatures of borrowers and lenders. Furthermore, title professionals often call notaries to notarize deeds and other title documents. So, if you can build a robust relationship with title professionals, they may even require your services to verify any financial document to detect defects that could arise after closings.
4) Real Estate Attorneys:
Even though title companies take the forefront in facilitating real estate transactions, in many cases, real estate transactions may occur in law firms under the supervision of real estate attorneys. In many states, real estate attorneys need to be present to facilitate real estate transactions by law. Even in states where the presence of a real estate attorney is not necessary by law, consumers may bring an attorney in a real estate transaction. They are often attached to law firms and specialize in matters related to property transactions.
Real estate attorneys perform various tasks, including drafting and reviewing purchase agreements, property deeds, and other financial documents.
Like a title professional, real estate attorneys can also perform title searches by conducting legal due diligence to ensure clear property ownership. They protect the interests of their clients by negotiating on their behalf to secure favorable transaction terms and pricing offers. They often have better legal expertise than notaries in providing legal guidance related to regulations, resolution, and real estate law compliance. Collaborating with reputed real estate attorneys can help notary signing agents understand the legal context of real estate transactions and get more clients for signings.
How Can CloseWise Help Notaries Collaborate With Signing Service Industry Professionals?
As a leading notary scheduling and business management platform, CloseWise understands the importance of seamless collaboration between notaries and signing service industry professionals. Our platform bridges the gap between notary signing agents and all other signing service industry professionals.
CloseWise provides signing agents with a comprehensive notary jobs platform to get more signing orders from prominent signing service companies, including title and escrow officers. It helps them expand their professional network by enabling them to enhance their professional image. We offer cutting-edge features that help notaries automate their signing workflow and close more signing orders. So wait no further! Sign up for CloseWise today, get more signing orders, and expand your reach.
Final Words:
The global real estate market is rapidly evolving, and the volume of real estate transactions is also growing fast. Building a robust relationship with real estate professionals is necessary as the challenges for the notary signing agents increase. In our article, we explored the roles of key real estate professionals and how they can help your notary business. One thing is clear: by forging a personalized and professional relationship with these professionals, you can grow your notary business with confidence, ensuring seamless real estate closings.